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ICC Secretary General John W.H. Denton AO presented WTO Director‑General Ngozi Okonjo‑Iweala with the Global Business Statement, signed by 236 business organisations from every region of the world.    

The statement underscores a shared sense of urgency across the global business community over the future of the multilateral trading system. 

 

Signatories urge ministers to take concrete steps to safeguard economic stability and enable the digital economy to continue to drive development worldwide.

They call on ministers to launch time-bound reform negotiations that restore the WTO’s capacity to negotiate, deliberate and settle disputes, and modernise the system for 21st‑century trade.

The statement also stresses the importance of maintaining the Moratorium on Customs Duties on Electronic Transmissions. Allowing it to lapse, business warns, would risk fragmentation, raise costs and hinder the ability of businesses to participate in cross-border digital trade – particularly for micro‑, small‑ and medium‑sized enterprises (MSMEs).

The message from business is clear: predictable, rules‑based trade remains essential for investment, innovation and sustainable growth. Governments must seize this moment to revitalise the multilateral trading system and secure an open, inclusive and future‑ready digital economy.

See all 236 business organisations who have already joined the Global Business Statement